The 500 most valuable companies in India were profiled in the 2nd version of the Burgundy Private Hurun India 500 study, which had total revenues of $820 billion. Many new-age companies are included in the list of the most valuable corporations supported by equity participation and venture capital investors, even though many significant startups obtained public financing last year.
What is Stated by the Chief Researcher of Hurun India About the Funding?
According to Anas Rahman Junaid, MD and Chief Analyst, Hurun India, start-up value creation would dramatically enhance the pace of firms entering the future versions of the Burgundy Private Hurun India 500. It has turned out to be a political disaster for some since the marketplace listing is viewed as a litmus test for pricing.
Top Companies Value Based on 2021 Parameters
The biggest value shedders in the list are start-ups such as Policy Bazaar, Paytm, Zomato, and Nykaa, whose values have decreased by 68%, 59%, 50%, and 48%, respectively. This pattern, according to Junaid, “clearly suggests that start-up values based on “2021 parameters” in private markets are in for a rough ride.”
According to the IVCA-EY Report, PE/VC investments totalled $8.3 billion in India in Q3 2022, a 69% year-over-year decline.
Which Companies Received the Highest Funding?
According to the Burgundy Private Hurun India 500 report, the following 10 most valuable companies have received the most money from PE/VC investors-
Total Investment: Rs. 47,680 crores
Among the companies on the list, BYJU’S is the only edtech provider. Swiggy came in fifth. The Decacorn laid off 2,500 employees to improve efficiency in October of this year. In the same month, it acquired $250 million from its present investors
Total Investment: Rs. 41,110 crores
The commute company Ola’s IPO, which was supposed to start this year but has been delayed, is located in Bengaluru. Hurun lists 19 companies in the logistics and transportation sector, including Ola.
Total Investment: 39,460 crores
The third-placed company on the rankings was the Noida-based digital payments and banking services, provider. Paytm demonstrated good earnings before interest, taxes, depreciation, and amortisation in 2022 due to expanding lending activities.
Total Investment: 32,880 crores
The sole company from the hospitality business to appear on this list is the international hotel chain, with its headquarters in Gurugram. OYO has more than 157,000 stores, and in 2021, its app’s 100 million downloads occurred.
Total Investment: 29,600 crores
The 2014-founded food delivery service Swiggy came in fifth. The eight-year-old firm has its base of operations in Bengaluru and has already expanded to 500 Indian cities.
Total Investment: 20,550 crores
Zomato, a food delivery business located in Gurugram that came in sixth on the list, saw several prominent executives depart in 2022, which include co-founder Mohit Gupta
Total Investment: Rs. 13,980 crores
Sharechat is an Indian social networking sites company with headquarters in Bengaluru that was founded in 2015 and is owned by Google and Temasek Holdings. Additionally, it has created Moj Lite and Moj, a TikTok substitute in India.
Total Investment: Rs. 13,980 crores
VerSe Innovation is the owner of Dailyhunt, which is included in the entertainment and multimedia sector. It received $805 million in investments this year. The relevant analytic platform, launched in 2007, supports 14 Indian languages.
Total Investment: Rs. 13,320 crores
The company, founded in 2008, works with Dream11, the first fantasy sports firm in India to earn unicorn status in 2019. Harsh Jain, its co-founder, offered jobs to individuals fired from Twitter and Meta this year. More than 13 lakh individuals use the platform to play fantasy cricket, football, etc. sports, according to the firm, which was formed in 2008.
Total Investment: 13,150 crores
PharmEasy is an ecommerce pharmacy established in 2015 and offers the purchase of medications and other medical supplies. The only healthcare-related business on this list is the Mumbai-based business.
Hurun India‘s Managing Director and Chief Researcher, Anas Rahman Junaid, also stated: They are the foundation of India’s economy, with a combined value of US$2.7 trillion, the same as India’s present GDP. These 500 companies collectively generated $820 billion in revenue and employed 7.3 million more people in employment than in the United Arab Emirates.
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